Financial Relief During an Emergency for Therapists in Private Practice
We had the opportunity to get on-screen with Mary Beth Storjohann CFP® to talk about the CARES Act and what it means for therapists in private practice. Information about relief opportunities is changing day-by-day, and some of the information provided here may be out of date already, but for a helpful overview and guidance from a CFP, click to watch the video below.
This video was recorded on April 3rd at 11am PDT.
Looking for more information about the Coronavirus and how your business may be impacted? Click here for our Master Post of FAQs, resources, guidelines, and more.
In this training we talk about:
The Economic Injury Disaster Loan (EIDL) vs the Payroll Protection Program
Terms, eligibility, and application information
Qualification and award amounts
Forgiveness and interest rates
Usage requirements
Application opportunities
Bookkeeping needs BEFORE you can apply
Resources
EIDL
https://www.sba.gov/funding-programs/disaster-assistance
Lender Match
https://www.sba.gov/funding-programs/loans
Paycheck Protection Program (PPP)
https://home.treasury.gov/system/files/136/PPP--Fact-Sheet.pdf
https://www.uschamber.com/sites/default/files/023595_comm_corona_virus_smallbiz_loan_final.pdf
https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources
https://www.sba.gov/funding-programs/loans/paycheck-protection-program-ppp
https://www.visualcapitalist.com/the-anatomy-of-the-2-trillion-covid-19-stimulus-bill/
